Oil prices surged more than 3% on Thursday, reaching their highest levels in five months, as markets priced in rising geopolitical risks amid concerns the United States could take military action against Iran, a major OPEC crude producer. Brent crude futures climbed $2.31, or 3.4%, to settle at $70.71 a barrel, while U.S. West Texas Intermediate (WTI) rose $2.21, or